What is a fee token discount? BNB cuts Binance spot fees by 25%
Short answer
A fee token discount lets you pay trading fees with the exchange's own token and pay less. Binance's token is BNB: pay your spot trading fees in BNB and they're 25% lower. You need BNB in your account to pay this way.
- Token prices go up and down. Don't stock up on a token just for the fee discount.
- A fee token discount and a fee rebate are two separate things.
In one line
Pay your trading fees with the exchange’s own token, and pay less.
An example
You buy BTC on Binance, and the 0.1% fee comes to 1 USDT. Pay it in BNB instead and it’s 25% less, taken from your BNB balance.
Fees
- Standard Binance spot fees are 0.1% for maker and taker orders, and 25% less if you pay in BNB.
- The fee rebate is a separate thing: if you entered a referral code when you signed up, the exchange pays part of your trading fees back to you.
Related
FAQ
Is a fee token discount the same as a fee rebate?
No. The discount is a lower rate for paying fees with the exchange's token. The rebate is part of the fees you pay, given back by the exchange because you signed up with a referral code.
Is it worth buying a token just for the discount?
Usually not. The token's price can fall, and you could lose more than you save in fees. If you don't pay much in fees anyway, there's little point.
Do other exchanges have fee tokens?
Many exchanges have their own token and discount, but the rates and rules differ. Check each exchange's fee page.